Shayona Engineering IPO Debuts Flat, Investors Face Losses on Day One

• Shayona Engineering shares listed flat at ₹144 on BSE SME, offering no listing gain to IPO investors.
• Shares dropped to ₹137.40 after listing, closing at ₹140.80, resulting in a 2.22% loss for IPO investors.
• The ₹15 crore IPO was subscribed 5.43 times, with strong interest from NIIs (9.30x) and retail investors (3.73x).
• Funds from the IPO will be used for plant and machinery, debt reduction, working capital, and general corporate purposes.
• Shayona Engineering, established in 2017, specializes in precision castings, industrial automation, and heavy fabrication, showing consistent financial growth.

Why It Matters: Shayona Engineering's IPO had a disappointing flat listing, leading to initial losses for investors.